On behalf of ASSOCHAM, we are pleased to inform you that ASSOCHAM along with Private Equity & Venture Capital Association of India (PEVCAI) is organising an International Conference on e-Commerce: The Next Phase of Growth at Hotel Shangri La, New Delhi.
You may be aware that the number of internet users worldwide is expected to touch 2.2 billion by 2013 and India is projected to have the third largest online population. The active Indian Internet audience in June 2011 is around 73 million, with around 29.5 million users involved in e-Commerce. The B2C e-Commerce segment estimates that while the online audience grew by 40% during July 2010-June 2011, e-Commerce grew three times of that.
The Internet has proved to be the biggest opportunity, not only for emerging entrepreneurs, but also for venture capitalists funds. That rapid growth has drawn the attention of venture capitalists who poured $183 million into 20 e-commerce firms in the last 12 months, up from $61 million for 13 firms in the previous 12 months.
ASSOCHAM India’s largest and most vibrant Apex Chamber for Commerce & Industry has been witnessing this growth and believes that jointly with the expected opening of the Multi Brand Retail Sector in India will lead to the next phase of growth in e-Commerce.